DIG/ The Council of Ministers of September 12, 2024 ratified the draft State budget for the year 2025.
It is balanced in income and expenditure to the sum of 4,204.9 billion FCFA, against 4,162 billion FCFA in the initial 2024 finance law, an increase of 42.9 billion FCFA.
Net budgetary revenue from revenue allocated to third parties, which includes revenue from the general budget and that of special accounts, is estimated at the sum of 2,879.2 billion FCFA, compared to 2,729.7 billion FCFA set in the initial 2024 finance law, an increase of 149.5 billion FCFA.
Revenue allocated to third parties, consisting of levies for the benefit of local authorities (29,058,048,393 FCFA), international organizations (16,916,481,533 FCFA) and public institutions (71,375,616,587 FCFA), would amount to 117.4 billion FCFA, compared to 105.2 billion FCFA in the initial finance law.
As for financing and treasury resources, they would amount to 1,208.4 billion FCFA, against 1,327.1 billion FCFA set in the initial 2024 finance law, i.e. a decrease of 118.7 billion FCFA, attributable to the reduction in the issuance of public securities on the international market.
State expenditure, net of allocations to third parties, estimated at 4,087.5 billion FCFA, is divided into budgetary expenditure (2,794.5 billion FCFA) and financing and treasury charges (1,292.9 billion FCFA).
Budgetary expenditure, net of levies for the benefit of third parties, would increase by 225.7 billion FCFA. It is composed of expenditure from the general budget, estimated at 2,562.8 billion FCFA, and that of special accounts, planned for an amount of 231.7 billion FCFA.
The general budget expenditure, divided between 32 public policy missions, includes: – the financial burden of the debt, which is broken down into interest on external and internal debt, is projected at 349.4 billion FCFA, compared to an amount of 378.4 billion FCFA included in the initial 2024 finance law, a decrease of 29 billion FCFA; – personnel expenditure, made up of permanent pay, remuneration of other categories of employees, vacation pay and session allowances.
They would amount to 825.3 billion FCFA, compared to 771.7 billion FCFA in the initial 2024 finance law, an increase of 53.6 billion FCFA. This situation would be explained by the continued regularization of administrative situations, ongoing and announced recruitments (45.5 billion FCFA), the revaluations of vacation pay in the Ministry of National Education (2.5 billion FCFA), the emoluments of parliamentarians and magistrates (3.6 billion FCFA), as well as the advancements in grade of Defense and Security Force agents (2 billion FCFA). Expenditure on goods and services would increase by 33.3%, representing 94.5 billion FCFA compared to the initial 2024 finance law. They would amount to 378.6 billion FCFA in the 2025 finance bill.
This increase would be explained in particular by the increase in expenditure linked to the organisation of elections (28 billion FCFA), VAT reimbursements (+15.6 billion FCFA), the coverage of sovereignty and security expenditure (+5 billion FCFA), maintenance and rental costs (+2 billion FCFA) to the financing of public authority needs (+3.5 billion FCFA), as well as the consideration of insurance premiums for new aircraft (+2.5 billion FCFA).
Transfer expenditure would stabilize at 350.9 billion FCFA, compared to 352.2 billion FCFA in the 2024 Finance Act, a decrease of 1.3 billion FCFA, mainly due to the adjustment of scholarship expenditure, particularly for secondary education. These last three items, which make up the State’s operating expenditure, represent 60.7% of general budget expenditure. – investment expenditure would stand at 592.6 billion FCFA, compared to 497.8 billion FCFA in the 2024 Finance Act, an increase of 94.8 billion FCFA.
This increase would be justified by the consideration of priority projects linked in particular to road infrastructure and the organization of elections. – other expenditure would amount to 65.8 billion FCFA, compared to 46.9 billion FCFA, an increase of 19 billion FCFA compared to the 2024 finance law. This variation would be mainly explained by the revaluation of balance reminders (+16 billion FCFA).
The special accounts, grouped into 12 missions, are valued at 231.7 billion FCFA, compared to 237.7 billion FCFA in the initial 2024 finance law, a decrease of 6 billion FCFA. They are broken down by title as follows: – 18.5 billion FCFA in expenditure on goods and services, an increase of 0.8 billion FCFA compared to the 2024 finance law. This variation is mainly due to the CAS “Valorization of State assets” (+1.7 billion FCFA);
– 128.2 billion FCFA in transfer expenditure, an increase of 5.3 billion FCFA driven by the “Pension” CAS (+7.4 billion FCFA);
– 85.1 billion FCFA in investment expenditure, down 12.1 billion FCFA, due to the CAS “Maintenance of State road assets” (-17.0 billion FCFA), due to the sharp drop in related revenue.
Down 13.1%, financing and treasury costs would amount to 1,292.9 billion FCFA, compared to 1,487.9 billion FCFA in the 2024 finance law. The majority of these costs are devoted to debt amortization (1,290 billion FCFA).
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2024-09-13 04:53:03